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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Property and Equipment Useful Lives

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated by the straight-line method over the estimated useful lives of the assets as follows:

			Years
Buildings			50
Computers, software and electronic equipment			2 - 10
Office furniture and equipment			3 - 15
Vehicles			4 - 7

Schedule of Intangible Assets Estimated Useful Life

Intangible assets subject to amortization are initially recognized based on the fair value allocated to them, and subsequently stated at amortized cost. The assets are amortized over their estimated useful lives using the straight-line method over an estimated period during which benefits are expected to be received, in accordance with ASC 350, "Intangible - Goodwill and Other" ("ASC 350") as follows:

			Years
Technology			7.9
Customer relationships			6.8
Marketing rights and patents			12.1

Schedule of Accumulated Other Comprehensive Income, Net

The following tables show the components of accumulated other comprehensive income (loss), as of December 31, 2020 and 2019:

		December 31, 2020
		Foreign currency translation adjustments				Unrealized gains (losses) on cash flow hedges				Total
Beginning balance		$	(5,048	)		$	-			$	(5,048	)
Other comprehensive income (loss) before reclassifications			(969	)			169				(800	)
Amounts reclassified from accumulated other comprehensive loss			-				(169	)			(169	)
Net current-period other comprehensive loss			(969	)			-				(969	)
Ending balance		$	(6,017	)		$	-			$	(6,017	)

F - 26

GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands

NOTE 2:-SIGNIFICANT ACCOUNTING POLICIES (Cont.)

		December 31, 2019
		Foreign currency translation adjustments				Unrealized gains (losses) on cash flow hedges				Total
Beginning balance		$	(5,062	)		$	(318	)		$	(5,380	)
Other comprehensive income before reclassifications			14				653				667
Amounts reclassified from accumulated other comprehensive loss			-				(335	)			(335	)
Net current-period other comprehensive income			14				318				332
Ending balance		$	(5,048	)		$	-			$	(5,048	)

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Schedule of intangible assets estimated useful lives amortized using the straight line method.

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Schedule of property, plant and equipment estimated useful lives. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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